Aortech Share Discussion Threads

[bearfoot] 24/9/2014 12:54

Oh...many thanks for putting me right 1400.... :-)

[1400] 24/9/2014 12:14

The AGM is next Monday the 29th. I definitely would like an update and expect one.

[bearfoot] 24/9/2014 11:42

Anyone know what happened at yesterday's AGM? Did anyone go? Surely there is SOMETHING (anything??) the Board could report/note or even, heaven-forbid, give a full report on?

[badday] 18/8/2014 20:39

Isn't it time the conditions of the Loan notes were restructured or waived?

The Notes attract an additional redemption premium of 15 per cent. of the equity value on a change of control of AorTech, 15 per cent. of the value of a sale of any of its intellectual property rights, and 15 per cent. of the value of any settlement of the current dispute with St. Jude Medical or restructuring of the License and Supply Agreement with St. Jude Medical. The Notes are secured by a floating charge over all of AorTech's assets.

The loanees made big money, and this was far too opportunistic and does them no favours. You can't invest serious funds into a business when the directors and associates cream off 15% of the company in any sale, and walk away with the IP should they go bust. Shares aren't going anywhere with such spivvy deals in place.

[1400] 18/8/2014 19:41

What do you mean?

[clitheroe troll] 18/8/2014 18:57

No more legal claims then?

[tadders2] 18/8/2014 15:09

Yes...thanks to Roy and Eddie.

Anybody got any ideas how much revenue might be in the next year?

[spurious] 18/8/2014 10:06

Big thanks to Roy and Eddie for clearing up the mess left by Maguire and laying the foundation for future growth.I understand all legal costs are capped and will be met from existing insurance going forward.The company are confident in achieving a successful outcome.I am hopeful the coming months will validate the success of our IP model and reward the long suffering shareholders.
Keep up the good work Roy and Eddie
regards SP

[cocker] 18/8/2014 07:36

Looks like another long drawn out court case, cash dwindling, no business to talk of & still possible monies owed to loan note holders. Big hitting Bill Brown sure knows had to add shareholder value. Laughable at the very least. Another big downside to this legal issue is that the chances of a positive outcome against a former board member remain slim & often drawn out / very expensive.

[cocker] 13/8/2014 10:05

i see someone has seen sense & has got shot of 24k today before either cash call or collapse of aor

[papillon88] 03/7/2014 13:42

I have noticed 2 purchases today 6000 and 3500.
If the purchaser is a regular poster on this BB would you be kind enough to share your investment argument as I certainly cant see any reason why anyone would invest here.

[loverat] 30/6/2014 15:44

Yes, this further fall was inevitable after the surprising dead cat bounce. Hardly any cash left and little hope after shareholders were previously given some grounds for optimism some months back.

[cocker] 30/6/2014 14:58

i smell blood

[papillon88] 16/6/2014 21:41

Here's a thought:

The redemption premium alone on the loan notes issued in Oct 2012 would have been roughly what the company is worth today.

[papillon88] 16/6/2014 21:07

Could the hints not have been any clearer:

- Directors made over 100% return on loan notes yet none used any of the gains to purchase shares.

- Market Makers have been offering stock for months and months at below the mid price yet been very difficult to sell any size

- No update from the company for 6 months after a fall from 110p to 45p

Was there any doubt this was on the cards?

Still maintain my view this will no longer be a going concern by year end.

[magpie99] 16/6/2014 19:42

Spurious GAC and Roy - On the park bench with a meths flambe - arm in arm.

Whatever these ex mondas investors invest in - dont follow - look look and look again.

What a disaster - One im pleased I didnt touch with a bargepole.

[loverat] 16/6/2014 15:21

I am surprised anyone is buying these shares after that statement. I was waiting to buy if there was some decent news but not to be.